The Social Cost of Carbon: Ethics and the Limits of Climate Change Economics

Called the "the most important number you've never heard of" by leading environmental economists, the social cost of carbon (SCC) aims to capture in a precise number the harm caused by emitting a single ton of carbon dioxide into the atmosphere. In The Social Cost of Carbon, J. Paul Kelleher offers a systematic analysis of the social cost of carbon, its theoretical basis, and its proper role in climate economics and climate policy design.

The book explains that the SCC is not one concept bu...